QUESTION 47 The term "additional funds needed (AFN)" is generally defined as follows: O a Funds that are obtained automatically from routine business transactions b. Funds that a firm must raise externally from non-spontaneous sources, i.e., by borrowing or by telling new stock, to support operations c. The amount of assets required per dollar of sales. Od. The amount of internally generated cash in a given year minus the amount of cash needed to acquire the new assets needed to support growth Oe. A forecasting approach in which the forecasted percentage of sales for each balance sheet account is held constant QUESTION 48 Spontaneously generated funds are generally defined as follows: A Assets required per dollar of sales. b. A forecasting approach in which the forecasted percentage of sales for each item is held constant. Funds that a firm must raise externally through borrowing or by selling new common or preferred stock. Od. Funds that arise out of normal business operations from its suppliers, employees, and the government, and they include spontaneous increases in accounts payable and accruals The amount of cash raised in a given year minus the amount of cash needed to finance the additional capital expenditures and working capital DE needed to support the firm's growth